Building ABC due diligence for FMCG multinational

Anti Bribery & Corruption | read time: 1 min

Anti-corruption due diligence has proved to be the hardest anti-bribery practice for companies to implement. Based on our findings from over 40 assessments, the GoodCorporation White Paper Combating Corruption: are businesses doing enough? revealed that almost two thirds of the due diligence procedures assessed were graded as inadequate.

GoodCorporation helped one of its FMCG clients to develop a robust anti-bribery due diligence process. The challenge for many complex businesses is processing and prioritising large numbers of third parties. Using GoodCorporation’s due diligence methodology, our client was able to:

Identify and prioritise those third parties that require due diligence
Assess the level of risk posed by the third party and the scale of due diligence required
Understand the nature of the risk and the mitigation measures needed
Identify whether or not the third party could still be used
Document the relationship and the agreed terms
Establish a monitoring system to manage any risk moving forward.

These steps were used to design and develop a tailor-made due diligence system which was then tested in two high-risk African markets. The process was then refined and rolled-out worldwide.

Third-party relationships represent a significant corruption risk for global businesses. GoodCorporation helps organisations to manage this risk through its anti-corruption due diligence programme. Our ABC due diligence services are tailored to the risk profile and operational structure of each organisation, to develop programmes that are both proportionate to the level of risk and workable in practice. Contact us to find out more about our due diligence services.

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